Perhaps it is because I come from a country where over recent decades we put in place a set of responsible financial regulations and are currently reaping the rewards for it. While your financial system is needing massive support just to stay afloat we are having zero problems. In fact, the only economic problems we are facing (which are still large) are as a result of other countries massive recessions (reduced trade, exchange rates, credit issues etc).
You see, we LIVE what I'm talking about and it is a good place to be. -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Bob Calco Sent: Monday, 16 February 2009 11:53 PM To: 'ProFox Email List' Subject: RE: [OT] Federal Obligations Exceed World GDP > On Mon, Feb 16, 2009 at 1:41 PM, Bob Calco <[email protected]> > wrote: > > > > Why you believe government regulators are exempt from human nature, > I'd like > > to hear. > > > Why do you confuse regulator with regulations ? I don't. But the regulations can't be good if the regulators who create them are bad. Geoff seems to think regulations grow on trees and always bare good fruit, and there is something unnatural about being averse to regulations per se. I'm trying to clarify that I am fine with sensible regulations as long as the regulators are also regulated. I don't assume their motives are any purer than those of the execs he seems to convict of perfidy by definition. - Bob [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
